Pages

Come join me in my quest to live a happier more frugal way of life, while enjoying the more traditional family values.

Friday, January 21, 2011

OOps I forgot some things

This zero based budget thing is all well and good but how do you find the money if you forgot something ??

Today is payday, so I stopped off at the bank on my way to work to take out my cash for the week, Grocery, petrol, my money and a personal loan repayment. I had already paid some debt and allocated my savings into a couple of other accounts. All I had left in my main account was money to cover my future bills, electricity phone etc.

I was feeling on top of the world this budgeting thing is an absolute breeze I thought, Ive really got a handle on this I thought, wonder what made me think it would be difficult I thought.

Well you know the old saying that pride comes before a fall, almost the moment I stepped into work I was handed a card and asked to sign it and if I wanted to I could contribute some money to one of my workmates who had lost everything in the Queensland floods. His Insurance did,nt cover him for flood damage and the poor soul had lost everything, as well as which he is recovering from major surgery from bowel cancer.

So of course I wanted to help out and I put $20 into the envelope, a drop in the ocean in comparison to his needs, but hopefully it will help.

But where do I take this money from as it is all spoken for right down to the last cent. I have only allocated myself $20 for petrol so I can,t take it out of there. $100 for Groceries and with 3 adults and a cat to buy for it will be hard to take it from there. I was not about to take it out of a debt repayment, thats way to important. So my only choice was to take it out of my mad money for this week, so with that decision made, what should I do in future.

Do I have to rewrite my whole years budget to accommodate a gift and charity category ? I had intended to fund any gift buying with Snowflakes, should I leave it like that. What would you have done ????

I think the choice is yours... you can either rewrite your budget to account for a gifts/charity category, or take it out of your mad money like you did. Stuff pops up that's not accounted for, which is why I like to have a *misc* category, but you can only do so much with what you have!

I have Hubby to thank for solving my dilemma for me, he put the contribution in, I think he felt sorry because I was in such a muddle about it. But this situation could happen again, and I need to come up with a plan to cope with it.

I remembered that time when I normally had dilemmas when it comes to budgeting and saving my money. I worried a lot if I have already spent or saved too much money for my budget. When the time came that I have decided to put up my own business, I found myself knocking on the doors of a loan company to help me have unsecured financing. Good thing one of the well known loan company here in Syosset, NY was able to help me out.

LIebster Award

Stylish Blogger Award

Visitors From 26th Dec 2010

About Me

When I first starting writing this blog I was working fulltime and trying to make up for a lot of bad financial decisions made over a large number of years.
I am now a full time housewife and carer to my aging MIL and on an aged pension so it is definitely too late to turn my finances around to the extent where I will be able to own a home again.
So let's make the best of a bad job and live as frugally and comfortably as possible for the rest of our lives.....